Bank of Oklahoma City (Oklahoma City, OK)

Episode Information

Episode UID
3557979391123
Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
state
Bank ID
355797939 hash
Start Date
July 19, 1893
Location
Oklahoma City, Oklahoma (35.468, -97.516)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a1ac1921938009ea

Response Measures

None

Events (2)

1. July 19, 1893 Run
Cause
Macro News
Cause Details
Part of the broader banking distress/panic of July 1893 that produced runs on regional banks.
Newspaper Excerpt
The Bank of Oklahoma City ... closed their doors this afternoon. ... have succumbed to runs and failed.
Source
newspapers
2. July 19, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank suspended/closed following heavy withdrawals (runs) that it could not withstand.
Newspaper Excerpt
The Bank of Oklahoma City and the Oklahoma National Bank closed their doors this afternoon.
Source
newspapers

Newspaper Articles (14)

Article from The Evening World, July 19, 1893

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Article Text

Oklahoma Bank Troubles OKLAHOMA CITY, O. T., July 19.-The Bank of Oklahoma City and the Oklahoma National Bank closed their doors this after noon. There was a heavy run OD the First National but It withstood 10 all right. Statemen S are unobtainable 11 W.


Article from Deseret Evening News, July 19, 1893

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Article Text

Two Oklahoma Banks. OKLAHOMA CITY, Ok.,July 19.-The bank of Oklahoma City and Okishoma National bank have failed. The First National stood a heavy run. Nostate. ments.


Article from Daily Kennebec Journal, July 20, 1893

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Two Oklahoma City Banks Fail. OKLOHAMA CITY, O. T., July 19.-The Bank of Oklahoma City and the Oklahoma National Bank closed their doors this afternoon. There was a heavy run on the First National, but it withstood it all right. Statements as yet are unobtainable.


Article from Richmond Dispatch, July 20, 1893

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Oklahoma Banks Close. (By telegraph to the Dispatch.) OKLAHOMA CITY, O. T., July 19.-The Bank of Oklahoma City and the Okishoma National Bank closed their doors this atternoon. There was a heavy run on the first-named, but If withstood it all right. Statements are unobtainable now.


Article from The Morning News, July 20, 1893

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Two Banks Closed at Oklahoma. Oklahoma City, July 19.-Tne Bank of Oklahoma City and the Oklahoma National Bank closed their doors this afternoon. There was a heavy run on the First National, but it withstood it all right. Statements are unobtainable now.


Article from The Providence News, July 20, 1893

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Oklahoma Banks Close. OKLAHOMA CITY, July 20.-The Bank of Oklahoma City and the Oklahoma National Bank closed their doors yesterday afternoon. There was a heavy run on the First National, but it withstood it all right.


Article from Waterbury Evening Democrat, July 20, 1893

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Article Text

Two Oklahoma Banks Go Under. OKLAHOMA CITY, O. T., July 20.-The Bank of Oklahoma City and the Oklahoma National bank closed their doors. There was a heavy run on the First Na tional, but it withstood it all right.


Article from The Salt Lake Herald, July 20, 1893

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TELEGRAPHIC BREVITIES. At Brooklyn the large carpet house of Bardenberg & Co., assigned yesterday. Judgments aggregating over $10,000 were filed against Erastus Wiman in New York, on notes, yesterday. The comptroller of the currency is informed of the failure of the Bozeman National bank of Bozeman, Mon. The Bank of Oklahoma city and the Oklahoma National bank have failed. The First National stood a heavy run. Four hundred andeighty-five thousand ounces of silver and 40,000 Mexican dollars will be shipped to Europe today. The steam yacht Oneida, with President Cleveland on board, left Newport yesterday morning, presumably for Gray Gables. The comptroller of the currency has been advised that the Hutchinson National bank of Hutchinson, Kan., has failed. The Kansas state bank commissioner is informed of the failure of the State bank of Parker, and Wood & Sons' State bank of Yates Center. Both are small. Charles Miller, a letter carrier at Mattoon, Ill., fired five shots at Laura Mack who had thrown him over, severely wounding her, and then killed himself. The J. B. Wheeler Banking company, the pioneer bank of Aspen, Colo,, the Bank of Sterling at Sterling, Colo., and the Bank of Loveland at Lovel and, Colo. have assigned.


Article from St. Paul Daily Globe, July 20, 1893

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Oklahoma Failure. OKLAHOMA CITY, O. T., July 19.The Bank of Oklahoma City, which closed its doors today, is only temporar ily embarrassedand will open tomorrow, giving certificates of deposit in lieu of cash, which the leading merchants of the city will accept as cash. The stockholders are all men of large personal responsibility, and depositors will be paid in full almost immediately. Their liabilities are $85,000; assets, $170,000. The bank wili resume fully within two or three weeks. The First National has. withstood a steady withdrawal for thirty days, culminating in a free run this afternoon. All checks were paid ' S fast as three tellers could count the money, and President Richardson announced to the crowd that they would keep open until midnight, adding that the crowd might hang him if any depositor lost a dollar.


Article from The Progressive Farmer, July 25, 1893

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by the present unsettled condition of trade. DENVER, Col, July 19 -The following notice was posted on the doors of the State National bank: "This bank will not be opened for business this morning. Depositors will be paid in full" Atthe hour for opening for banking business crowds had assembled at the different banks, but there did not appear to be the same excitement among the depositors as existed yesterday. DENVER, Col., July 19.-The doors of the German National bank were no; opened for business at 10 o'clock this morning. No notice was posted on the door but it is believed it has suspended payment. The excitement is rapidly increasing and runs are threatened on other banks. AMMONSDALE, Kansas, July 19.-The Citizens' bank suspended yesterday. MOBILE, Ala., July 19.-At 9 o'clock this morning, after an existence of seventy-two years, the Mobile Register made a general assignment to Jos. McPhillips for the benefit of all creditors. OKLAHOMA CITY, July 19.-The Bank of Oklahoma City and the Oklahoma National bank closed their doors this afternoon. There was a heavy run on the First National, but it withstood it all right. The statements are unobtainable now. NASHVILLE, Tenn, July 19 -Samuel Spencer, of New York, was to day ap pointed CO receiver of the East Tennes see, Virginia and Georgia Railroad and its controlled lines, with Messrs. Fink and McGhee, by Judge Lurton. The appointment takes effect August 1st and the bond was fixed at $100,000. DENVER, Col, July 19.-The J. B Whaling Banking Company, the pioneer bank of Ashen, Col.; the Bank of Sterling, Sterling, Col., and the Bank of Loveland, Col, have assigned. No statements of assets or liabilities have been issued. DENVER, Col., July 18.-The Union Nati nal bank, of which R. W. Wood bury is president, failed to open its doors this morning. Its capital is $1 000,000. No statement can be had. A run is now being made on the City National, German National, First National, Colorado National and all the eleven clearing house banks. A panic is on.


Article from The Star, July 26, 1893

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LATE TELEGRAPHIC JOTTINGS BOTH FROM HOME AND ABROAD. What is Going On the World Over. Important Events Briefly Chronicled. Financial and Commercial. ADA, O.-The Citizens' Bank the most prominent in Hardin county, has failed. MADISON, IND.-The Carrollton Woolen Mill Co., has assigned with liabilities of $7.000. The Nashville, Chattanooga and St. Louis Railway Company has declared a dividend of 11 per cent., payable August 1. The McNamara Dry Goods Company, of Chicago has suspended, It was among the largest houses of its kind in the West. POMONA, CAL-The People's Bank has re. opened with plenty of coin. Only 84 were drawn out the first hour, Deposits were liberal. PARKER, KAN.-The State Bank has failed. STERLIN, COL-The Bank of Sterlin has assigned. BOZEMAN, MONT-The Bozeman National Bank has closed. YATES CENTER, KAN.-The Woodson State Bank has'suspended. HUTCHINSON, KAS.-The Hutchinson National Bank has closed its doors. ASPEN, CoL-The J. B. Wheeler Banking Company and the Pioneer Bank have failed OKLAHOMA CiTY-The Bank of Oklahoma City and the Oklahoma National Bank have succumbed to runs and failed. FORT SCOTT, KAN.-The First National Bank the oldest financial institution in Southeastern Kansas suspended payment. ASHLAND, Kr.-The Second National Bank which suspended three weeks ago. resumed business Thursday. CHICAGO.-The Chemical National bank will not resume business. The reasons given are the stringency of the money marketand the inability of some stockholders to meet the assessments which would be levied upon them if the bank resumed. KANSAS CITY, KAN.-The Citizens bank, the Bank of Richmond and the Farmers and Merchants bank at Ossawattomie, also of Kansas, all private institutions, closed their doors. HARRISONVILLE, Mo.-The First National Bank of Harrisonville, suspended payment and is in the hands of the Comptroller of the Currency, NASHUA, N. H.-The Security Trust Company closed its doors. It promises to pay depositors in full. ANTHONY, KAs.-The First National Bank and the First National Bank of Canso City, Col., have suspended. THE Bank of Bellville, Republic county, Kan., a private institution with $20,000 capital, has failed. NATIONAL bank examiners have recommended to the Comptroller that the First National Ban of San Bernardino, Cal., which recently failed, be allowed to reopen at once, its affairs being in good condition. NEW YORK-Charles M. Preston, state bank examiner, reports the banks of this state to be in a good condition. generally and be anticipates no failures,


Article from The Middleburgh Post, July 27, 1893

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Financial and Commercial. ADA, O.-The Citizens' Bank the most prominent in Hardin county, has failed. MADISON. Isp.-The Carrollton Woolen Mill Co., has assigned with liabilities of $7.000. The Nashville, Chattanooga and St. Louis Railway Company has declared a dividend of 14 per cent., payable August 1. The McNamara Dry Goods Company, of Chicago has suspended. It was among the largest houses of its kind in the West. POMONA, CAL-The People's Bank has re. opened with plenty of coin. Only #4 were drawn out the first hour, Deposits were liberal. PARKER, KAN.-The State Bank has failed. STERLIN, CoL-The Bank of Sterlin has assigned. BUZEMAN, Mosr -The Bozeman National Bank has closed. YATES CENTER, KAN.-The Woodson State Bank has'suspended. HUTCHINSON, KAN.-The Hutchinson National Bank has closed its doors. ASPEN. CoL-The J. B. Wheeler Banking Company and the Pioneer Bank have failed OKLAHOMA City-The Bank of Oklahoma City and the Oklahoma National Bank have succumbed to runs and failed. FORT SCOTT, KAN.-The First National Bank the oldest financial institution in Southeastern Kansas suspended payment. ASHLAND, KY.-The Second National Bank which suspended three weeks ago. resumed business Thursday. CHICAGO.-The Chemical National bank will not resume business. The reasons given are the stringency of the money marketand the inability of some stockholders to meet the assessments which would be levied up. on them if the bank resumed. KANSAS CITY, KAN.-The Citizens bank, the Bank of Richmond and the Farmers and Merchants bank at Ossawattomie, also of Kansas, all private institutions, closed their doors. HAREISONVILLE, Mo.-The First National Bank of Harrisonville, suspended payment and is in the hands of the Comptroller of the Currency, NASHUA, N. H.-The Security Trust Comrany closed its doors. It promises to pay depositors in full. ANTHONY. KAS.-The First National Bank and the First National Bank of Calago City, Col., have suspended. THE Bank of Bellville, Republic county, Kan., a private institution with $20,000 capital, has failed. NATIONAL bank examiners have recommended to the Comptroller that the First National Ban 1 of San Bernardino, Cal., which recently failed. be allowed to reopen at once, its affairs being in good condition. New YORK-Charles M. Preston, state bank examiner, reports the banks of this state to be in a good condition generally and be anticipates no failures.


Article from The Austin Weekly Statesman, July 27, 1893

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dealers in gent's furnishing goods, failed this morning. Assets are placed at $35,000; liabilities, $13,000. PEOPLES' COAL COMPANY. DENVER, July 19. - The Peoples Coal company has made an assignment; assets and liabilities not large. TWO KANSAS BANKS. TOPEKA, July 19.-Information has been received at the office of the state bank commissioner of the failure of the State bank of Parker, Linn county, and of the Woodson State bank, Yates Center, Woodson county. Both are small concerns. BULDING MATERIAL DEALERS. CHICAGO, July, 19.-Dickinson Brothers & King, dealers in building material, went into the hands of a receiver today. The firm has property valued at $260,000 in excess of liabilities. The pressure of times has made business unprofitable. NEW YORK LACE IMPORTERS. NEW YORK, July 19.-A Cohn & Co., lace importers, assigned today. Liabilities $40,000: nominal assets $80,000. The carpet house of Hardenburg & Co., Brooklyn, assigned this morning. ANOTHER KANSAS BANK. HUTCHINSON. Kan., July 19.-The Hutchinson National bank this morning posted a notice of suspension of payment. Assets $261,000 ; liabilities $131,000. No doubt all depoitors will be paid in full. TWO OKLAHOMA BANKS. OKLAHOMA CITY, Ok., July 19.The Bank of Oklahoma City and the Oklahoma National bank closed their doors this afternoon. There was a heavy run on the First National, but it withstood it all right. LADIES


Article from The Weekly Union Times, July 28, 1893

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NUMBER 30. BANKS SMASHING IN DENVER. Three National Banks and Three Private Concerns Go Under. DENVER, CoL.-Three national banks -the Union National, the Commercial National, and the National Bank of Commerce-closed their doors Tuesday morning owing to the heavy demands of excited dapositors. The Mercantile Bank, a small private institution doing business in the Mining Exchange building. also suspended, owing to the close of the Union bank, through whichits clearances were made. A WHOLE STRING OF BANKS FAIL. DENVER, Col.-The - J. B. Whaling Banking Company, the pioneer bank of Asheum 061; the Bank of Sterling, Sterling, Col., and the Bank of Loveland, Col., have assigned. No statements of a sets or liabilities have been issued. TWO OKLAHOMA BANKS. CKLAHOMA CITY, O. T. -The Bank of Oklahoma City and the Oklahoma Nati hal Bank closed their doors. There was a heavy run on the First National but it withstood it all right. The statements are unobtainable now. TWO MORE BANKS. TOPEKA, KAN.Information has been r ce ved at the office of the State bank commissioner of the failure of the Bank of Parker, Lith county, and Woodson State Bank, of Yates Woods on edulty. Both et